{"id":5682,"date":"2021-07-14T09:58:00","date_gmt":"2021-07-14T09:58:00","guid":{"rendered":"https:\/\/wiki.habiletechnologies.com\/index.php\/docs\/cloudbankin-documentation\/loans\/apply-loan\/"},"modified":"2022-09-22T09:46:42","modified_gmt":"2022-09-22T09:46:42","slug":"apply-loan","status":"publish","type":"docs","link":"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/loans\/apply-loan\/","title":{"rendered":"Product Creation"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5682\" class=\"elementor elementor-5682\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6df557d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6df557d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-012bf1a\" data-id=\"012bf1a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ba74bba elementor-widget elementor-widget-text-editor\" data-id=\"ba74bba\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">It defines the product you\u2019re going to offer for your customers such as Personal Loan, Business Loan, Vehicle Loan, etc.,<\/span><\/p><p><span style=\"font-weight: 400;\">Go to <\/span><b><span style=\"color: #6ec1e4;\">Admin<\/span><\/b><span style=\"font-weight: 400;\"> and select the <\/span><b><span style=\"color: #6ec1e4;\">Products <\/span><\/b><span style=\"font-weight: 400;\">and click on <\/span><b><span style=\"color: #6ec1e4;\">Loan Products.<\/span><\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-434efd7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"434efd7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b2da8e3\" data-id=\"b2da8e3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f9ced01 elementor-widget elementor-widget-image\" data-id=\"f9ced01\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"409\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Product-Creation-1.png\" class=\"attachment-large size-large\" alt=\"Product Creation\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9ee1204 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9ee1204\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6255102\" data-id=\"6255102\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-df35c67 elementor-widget elementor-widget-spacer\" data-id=\"df35c67\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3acdcf8 elementor-widget elementor-widget-image\" data-id=\"3acdcf8\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"370\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Product-Creation-Loan-Products-1.png\" class=\"attachment-large size-large\" alt=\"Product Creation - Loan Products\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-22f7eff elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"22f7eff\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a7325eb\" data-id=\"a7325eb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d0e8013 elementor-widget elementor-widget-spacer\" data-id=\"d0e8013\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c01e048 elementor-widget elementor-widget-text-editor\" data-id=\"c01e048\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Now the Loan Products form will open, Click on Create Loan Products tab.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-820bb1c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"820bb1c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b04f17e\" data-id=\"b04f17e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-241f8e2 elementor-widget elementor-widget-image\" data-id=\"241f8e2\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"263\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Product-Creation-Create-Loan-Product-1.png\" class=\"attachment-large size-large\" alt=\"Product Creation - Create Loan Product\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-603e544 elementor-widget elementor-widget-spacer\" data-id=\"603e544\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ff93d51 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ff93d51\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f568f12\" data-id=\"f568f12\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-42f2329 elementor-widget elementor-widget-text-editor\" data-id=\"42f2329\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<span style=\"font-weight: 400;\">Once you clicked on the Create Loan Product it will take you to the <\/span><b><span style=\"color: #6ec1e4;\">Create Strategy <\/b><span style=\"font-weight: 400;\">From<\/span>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f9924c9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f9924c9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-72d8cd9\" data-id=\"72d8cd9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e2c03aa elementor-widget elementor-widget-spacer\" data-id=\"e2c03aa\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae87ca4 elementor-widget elementor-widget-heading\" data-id=\"ae87ca4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Details\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7f56874 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7f56874\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-32e56bc\" data-id=\"32e56bc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2c8552c elementor-widget elementor-widget-text-editor\" data-id=\"2c8552c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In this form, you have entered the basic details about the <\/span><b>Loan Product.<\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9fd3c50 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9fd3c50\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a3050e2\" data-id=\"a3050e2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cb289fe elementor-widget elementor-widget-image\" data-id=\"cb289fe\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"364\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Product-Creation-Details-1.png\" class=\"attachment-large size-large\" alt=\"Product Creation - Details\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-323f58d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"323f58d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8c0d7e7\" data-id=\"8c0d7e7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d48ed0a elementor-widget elementor-widget-spacer\" data-id=\"d48ed0a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-75a0099 elementor-widget elementor-widget-heading\" data-id=\"75a0099\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Field Name and Description \n<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5bdf354 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5bdf354\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e3aafd9\" data-id=\"e3aafd9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a75b943 elementor-widget elementor-widget-text-editor\" data-id=\"a75b943\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul><li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Product Name(<span style=\"color: #ff0000;\">*<\/span>)<\/strong><span style=\"font-weight: 400;\"><strong> &#8211;<\/strong> Specify your Product Name<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Short Name(<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) <\/b><span style=\"font-weight: 400;\">&#8211; Give a Short Name to your Product<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Description<\/b><span style=\"font-weight: 400;\"> &#8211; Enter a description of your product<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fund<\/b><span style=\"font-weight: 400;\"> &#8211;<\/span><span style=\"font-weight: 400;\"> If you have a different set of funds for the loan product you can select one of them from the list<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Start Date<\/b><span style=\"font-weight: 400;\"> &#8211; Enter the starting date of your Product<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Close Date<\/b><span style=\"font-weight: 400;\"> &#8211; Enter the Closing date of your Product\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Include in customer loan counter<\/b><span style=\"font-weight: 400;\"> &#8211; If you check this box it will tell us how many times the client has taken this particular product<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Update the Mandatory Fields and click <\/span><b><span style=\"color: #6ec1e4;\">Next.<\/span><\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2cdd92d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2cdd92d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1415e13\" data-id=\"1415e13\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b668650 elementor-widget elementor-widget-spacer\" data-id=\"b668650\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bb618b0 elementor-widget elementor-widget-heading\" data-id=\"bb618b0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Currency\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-170ae17 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"170ae17\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4c68c9c\" data-id=\"4c68c9c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bf9371c elementor-widget elementor-widget-text-editor\" data-id=\"bf9371c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In the Currency form, you can specify the currency information.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d0c9984 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d0c9984\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-987505e\" data-id=\"987505e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c3b12f1 elementor-widget elementor-widget-heading\" data-id=\"c3b12f1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Field Name and Description \n<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c1fae06 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c1fae06\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-72ee488\" data-id=\"72ee488\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-04ba016 elementor-widget elementor-widget-text-editor\" data-id=\"04ba016\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul><li aria-level=\"1\"><b>Currency (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Select the currency in which the loan will be disbursed. ( You can add your reason in the <strong><span style=\"color: #6ec1e4;\"><br \/>Admin <\/span>-&gt;&gt; <span style=\"color: #6ec1e4;\">System<\/span> -&gt;&gt; <span style=\"color: #6ec1e4;\">Manage Codes <\/span>-&gt;&gt; <span style=\"color: #6ec1e4;\">Search for Currency <\/span>-&gt;&gt; <span style=\"color: #6ec1e4;\">Add Code Values<\/span><\/strong>)<\/span><\/li><\/ul><ul><li aria-level=\"1\"><b>Decimal places (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211;<\/b><span style=\"font-weight: 400;\"> Specify the number of decimal places that should be there in the loan amount<\/span><\/li><\/ul><ul><li aria-level=\"1\"><b>Currency in multiples of (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211;<\/b><span style=\"font-weight: 400;\"> You can specify the multiples of currency value. For example, if you enter &#8220;multiples of 100&#8221;, the currency value will be rounded off to 200, 300, 400, etc.<\/span><\/li><\/ul><ul><li aria-level=\"1\"><b>Installment in multiples of (<span style=\"color: #ff0000;\">*<\/span>) &#8211;\u00a0<\/b><\/li><\/ul><p><span style=\"font-weight: 400;\">Update the Mandatory Fields and click <\/span><b><span style=\"color: #6ec1e4;\">Next.<\/span><\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-88b21bf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"88b21bf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-68d12bc\" data-id=\"68d12bc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-018e772 elementor-widget elementor-widget-spacer\" data-id=\"018e772\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8e1e3cd elementor-widget elementor-widget-heading\" data-id=\"8e1e3cd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Terms\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f310fc2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f310fc2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5af9564\" data-id=\"5af9564\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-70d8c5b elementor-widget elementor-widget-heading\" data-id=\"70d8c5b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Field Name and Description <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bd07312 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bd07312\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1034efb\" data-id=\"1034efb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-44d0ddd elementor-widget elementor-widget-text-editor\" data-id=\"44d0ddd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul><li><b>Terms vary based on loan cycle<\/b><b> &#8211; <\/b><span style=\"font-weight: 400;\">A loan cycle keeps track of how many times a \u00a0 borrower has taken a particular loan. If you check this box the terms will <\/span><b>change based on the loan cycle.<\/b><\/li><li aria-level=\"1\"><b>Principal (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">You can specify the minimum, default, and maximum of the <\/span><b>amount <\/b><span style=\"font-weight: 400;\">allowed for this particular loan<\/span><\/li><\/ul><ul><li aria-level=\"1\"><b>Number of repayments (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>)\u00a0 &#8211; <\/b><span style=\"font-weight: 400;\">You can specify the minimum, default, and maximum of <\/span><b>repayments <\/b><span style=\"font-weight: 400;\">allowed for this particular loan<\/span><\/li><\/ul><ul><li aria-level=\"1\"><b>Disbursement Date Range &#8211;<\/b><span style=\"font-weight: 400;\"> Specifies the repayment date range<\/span><\/li><\/ul><ul><li aria-level=\"1\"><b>Is Linked to Floating Interest Rates?\u00a0<\/b><\/li><\/ul><ul><li aria-level=\"2\"><b>Floating interest rate &#8211; <\/b><span style=\"font-weight: 400;\">Specifies the base interest rate on loans (for example, the RBI may raise or lower the interest rate on loans). As a result, banks will maintain a base interest rate for their clients.)<\/span><\/li><\/ul><ul><li aria-level=\"2\"><b>Is Floating Calculation Allowed &#8211;\u00a0 <\/b><span style=\"font-weight: 400;\">Specifies the floating calculation is allowed or not<\/span><\/li><\/ul><ul><li aria-level=\"1\"><b>Nominal interest rate (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Specifies the minimum, default, maximum period for the nominal interest rate allowed for the loan product. You can select the period value from the drop-down. (ie., Per Month, Per Year, Whole Term)<\/span><\/li><\/ul><ul><li aria-level=\"1\"><b>Repaid every (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Calculate the repayment schedule for a loan account and are used to determine when payments are due. You can select the period value from the drop-down. (ie., Days, Weeks, Months)<\/span><\/li><\/ul><ul><li aria-level=\"1\"><b>Minimum days between disbursal and first repayment date &#8211; <\/b><span style=\"font-weight: 400;\">You can set the minimum time between the disbursement and the first repayment<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Once the above information&#8217;s are updated click on the <\/span><b><span style=\"color: #6ec1e4;\">Next<\/span><\/b><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f732a94 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f732a94\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d6714ac\" data-id=\"d6714ac\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-73c1caa elementor-widget elementor-widget-image\" data-id=\"73c1caa\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"515\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Product-Creation-Terms-4.png\" class=\"attachment-large size-large\" alt=\"Product Creation - Terms\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d8d4768 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d8d4768\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-23b76c6\" data-id=\"23b76c6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8e459fd elementor-widget elementor-widget-spacer\" data-id=\"8e459fd\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9fce36c elementor-widget elementor-widget-heading\" data-id=\"9fce36c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Settings<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-47c94ff elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"47c94ff\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-51b56d1\" data-id=\"51b56d1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5672c48 elementor-widget elementor-widget-heading\" data-id=\"5672c48\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Field Name and Description <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-63e83ec elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"63e83ec\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-df6af9d\" data-id=\"df6af9d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-03c9917 elementor-widget elementor-widget-text-editor\" data-id=\"03c9917\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul><li aria-level=\"1\"><b>Amortization(<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Refers to the amount of principal and interest paid each month for your loan term<\/span><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-level=\"2\"><b>Equal Installments &#8211;<\/b><span style=\"font-weight: 400;\"> Refers the repayment amounts will be equal but the interest, fees, penalties, and principal amounts will vary with each repayment<\/span><\/li><\/ul><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-level=\"2\"><b>Equal Principal Payments &#8211; <\/b><span style=\"font-weight: 400;\">Refers<\/span> <span style=\"font-weight: 400;\">the repayments amounts will vary depending upon the interest, fees, and penalty amounts in the repayment and the principal amount will be the same for all repayments<\/span><\/li><\/ul><\/li><\/ul><ul><li aria-level=\"1\"><b>Interest method (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Refers the Interest payment method you\u2019re going to choose for the repayment of the loan<\/span><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-level=\"2\"><b>Flat &#8211;<\/b><span style=\"font-weight: 400;\"> Interest and Principal amount will be the same for all the repayments<\/span><\/li><\/ul><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-level=\"2\"><b>Declining Balance &#8211; <\/b><span style=\"font-weight: 400;\">Specifies the interest rate will be calculated as per the outstanding amount, basically Interest will decrease as the outstanding amount decreases.<\/span><\/li><\/ul><\/li><li><b>Is Equal Amortization &#8211; <\/b><span style=\"font-weight: 400;\">This loan is repaid in equal installments under this type of repayment<\/span><\/li><li aria-level=\"1\"><b>Interest calculation period (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Choose either Daily or Same as Repayment Period<\/span><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-level=\"2\"><b>Daily &#8211; <\/b><span style=\"font-weight: 400;\">Interest will be calculated daily. (eg., February Month has 28 days. So it will calculate for 28 days)<\/span><\/li><\/ul><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-level=\"2\"><b>Same as repayment period &#8211; <\/b><span style=\"font-weight: 400;\">Interest will calculate based on the repayment period (eg, By default it will calculate for 30 days per month)<\/span><\/li><\/ul><\/li><li><b>Calculate interest for exact days in the partial period &#8211; Calculates exact interest for the partial period. <\/b><span style=\"font-weight: 400;\">(e.g, If the interest rate is calculated starting on July 5th, the interest will be calculated for the partial days of the month, i.e. for 26 days.)<\/span><\/li><li aria-level=\"1\"><b>Repayment strategy (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">The repayment strategy determines the sequence in which each of the components is paid (i.e, Principal, Interest, Penalties, Fees Order)<\/span><\/li><\/ul><ul><li aria-level=\"1\"><b>Moratorium &#8211; <\/b><span style=\"font-weight: 400;\">A moratorium period is a period during which the borrower is not required to make any payments on the loan.<\/span><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-level=\"2\"><b>On principal payment &#8211;<\/b><span style=\"font-weight: 400;\"> If the <\/span><b>Principal Payment is &#8216;6&#8217;<\/b><span style=\"font-weight: 400;\"> and the client&#8217;s Repayment Frequency is every month, the client has to pay <\/span><b>only the interest<\/b><span style=\"font-weight: 400;\"> for the first six months, and after six months the client starts paying the <\/span><b>principal amount<\/b><span style=\"font-weight: 400;\">.<\/span><\/li><li aria-level=\"2\"><b>On interest payment &#8211; <\/b><span style=\"font-weight: 400;\">If <\/span><b>Interest Payment is &#8216;6&#8217;<\/b><span style=\"font-weight: 400;\"> and the client&#8217;s Repayment Frequency is every month, then the client has to pay <\/span><b>only the principal<\/b><span style=\"font-weight: 400;\"> for the first six months and after six months the client starts paying the <\/span><b>interest amount.<\/b><\/li><\/ul><\/li><li><b>Interest free period &#8211; <\/b><span style=\"font-weight: 400;\">If <\/span><b>Interest Payment is &#8216;4&#8217;<\/b><span style=\"font-weight: 400;\"> and the client&#8217;s Repayment Frequency is every month, then for the first 4 weeks there will be<\/span><b> no interest charged,<\/b><span style=\"font-weight: 400;\"> the client has to pay <\/span><b>only the principal<\/b><span style=\"font-weight: 400;\"> and after 4 weeks the client starts paying the <\/span><b>interest amount.<\/b><\/li><li><b>Arrears tolerance &#8211; <\/b><span style=\"font-weight: 400;\">Specifies the maximum amount we can tolerate before moving it to Arrears<\/span><\/li><li><b>Days in year (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Will consider the number of days with respect to the actual calendar or you can choose the number of days in the year from the drop-down<\/span><\/li><li><b>Days in month (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Will consider the number of days with respect to the actual calendar or you can choose the number of days in the month from the drop-down<\/span><\/li><li><b>Allow fixing of the installment amount &#8211; <\/b><span style=\"font-weight: 400;\">Refers to fix the installment amount manually at the loan account level. (e.g, If the installment amount is 104 and you want it to be 100. By providing 100 manually while creating the loan it will automatically adjust the schedule for all the repayments. Finally, in the last installment, the adjusted amount will be calculated and the same will be reflected in repayment)\u00a0<\/span><\/li><li><b>Is Advance EMI &#8211; Specifies 1 or 2 EMI amounts will be collected in advance during the disbursement<\/b><\/li><li><b>Number of days a loan may be overdue before moving into arrears &#8211; <\/b><span style=\"font-weight: 400;\">If the repayment is missed on the scheduled date the next day it will change it as an arrear. Instead, if you specify any specific number in this field, the loan will be moved to arrear once it is exceeded.<\/span><\/li><li><b>Maximum number of days a loan may be overdue before becoming an NPA (non-performing asset) &#8211;\u00a0 <\/b><span style=\"font-weight: 400;\">If the repayment is missed on the scheduled date the next day it will change it as an NPA (Non-Performing Assets). Instead, if you specify any specific number in this field, the loan will be moved to NPA once it is exceeded.<\/span><\/li><li><b>Account moves out of NPA only after all arrears have been cleared? (<\/b><b>*<\/b><b>) &#8211;<\/b><span style=\"font-weight: 400;\"> If you select the checkbox it will automatically move out of NPA once the arrear amount is cleared<\/span><\/li><li><b>Principal Threshold (%) for Last Instalment &#8211;<\/b><span style=\"font-weight: 400;\">If you specified 10% in the last installment, only 10% of interest will be collected in that installment, and the remaining amount will be adjusted in prior installments<\/span><b>\u00a0<\/b><\/li><li><b>Is Variable Installments Allowed? &#8211; <\/b><span style=\"font-weight: 400;\">These fields are used to define the minimum, maximum gap(days) that should be present between the installments for the loan product. If you select the checkbox it will ask for the value of the variable installment.<\/span><ul><li><b>Variable Installments &#8211; <\/b><span style=\"font-weight: 400;\">Specify the minimum and maximum days for the variable installments.<\/span><\/li><\/ul><\/li><li><b>Is allowed to be used for providing Top Up Loans? &#8211; <\/b><span style=\"font-weight: 400;\">Select the checkbox if this particular loan product is allowed for Top Up Loans<\/span><\/li><li><b>Enable Flat to Decline Converter &#8211; <\/b><span style=\"font-weight: 400;\">Select the checkbox if this particular loan product enables flat to decline converter<\/span><\/li><li><b>Is Vehicle Loan &#8211; <\/b><span style=\"font-weight: 400;\">If you check this box, it will ask if you want to include the charges in the Loan Amount calculation.<\/span><\/li><li><b>Include charges in IRR calculation &#8211;<\/b> Specifies if you want to allow the IRR charges in disbursement.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ea4a6b1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ea4a6b1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f60b18a\" data-id=\"f60b18a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c02dfbb elementor-widget elementor-widget-heading\" data-id=\"c02dfbb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Interest Recalculation \n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5e2980b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5e2980b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d7c77a3\" data-id=\"d7c77a3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8459781 elementor-widget elementor-widget-text-editor\" data-id=\"8459781\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<b>Recalculate Interest &#8211; <\/b><span style=\"font-weight: 400;\">If you select this checkbox it will ask for the below details,<\/span>\n<ul>\n \t<li><b>Pre-closure interest calculation rule (<\/b><b><span style=\"color: #ff0000;\">*<\/b><b>)\u00a0<\/b>\n<ul>\n \t<li aria-level=\"1\"><b>Calculate till Pre Closure date &#8211; <\/b><span style=\"font-weight: 400;\">Specifies interest rate will calculate till the pre-closure date (for e.g, if the installment is for 12 months and your pre-closing it in 2 months, the interest will calculate for the 2 months)<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n \t<li style=\"list-style-type: none;\">\n<ul>\n \t<li aria-level=\"1\"><b>Calculate till rest frequency date &#8211;<\/b><span style=\"font-weight: 400;\"> Specifies the interest will calculate for the rest of the date (for e.g, for the above scenario, the interest will be calculated for the remaining 10 months)<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n \t<li aria-level=\"2\"><b>Advance payments adjustment type (<\/b><b><span style=\"color: #ff0000;\">*<\/b><b>) &#8211;<\/b><span style=\"font-weight: 400;\"> If the advanced payment is done by the customer for the next installment, then we can either Reduce the EMI amount or Reduce the number of Installments, Otherwise we can reschedule the next repayments\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n \t<li aria-level=\"2\"><b>Interest recalculation compounding on (<\/b><b><span style=\"color: #ff0000;\">*<\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">You can choose any one of the components from the drop-down, based on that the interest will recalculate<\/span><\/li>\n<\/ul>\n<ul>\n \t<li style=\"list-style-type: none;\">\n<ul>\n \t<li aria-level=\"1\"><b>None &#8211;\u00a0 <\/b><span style=\"font-weight: 400;\">Next repayment interest will be calculated on Principal<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n \t<li style=\"list-style-type: none;\">\n<ul>\n \t<li aria-level=\"1\"><b>Fee &#8211; <\/b><span style=\"font-weight: 400;\">Next repayment interest will be recalculated based on Principal + Fee<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n \t<li style=\"list-style-type: none;\">\n<ul>\n \t<li aria-level=\"1\"><b>Interest &#8211; <\/b><span style=\"font-weight: 400;\">Next repayment interest will be recalculated on Principal + Interest<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n \t<li style=\"list-style-type: none;\">\n<ul>\n \t<li aria-level=\"1\"><b>Fee and Interest &#8211; <\/b><span style=\"font-weight: 400;\">Next repayment interest will be recalculated based on Principal + Interest + Fee<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n \t<li aria-level=\"2\"><b>Frequency for recalculate Outstanding Principal (<\/b><b><span style=\"color: #ff0000;\">*<\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">You can choose any one of the components from the drop-down. If the client makes advanced repayments, then the outstanding principal will be recalculated based on the mentioned list (i.e, Same as repayment period, Daily, Weekly &amp; Monthly)<\/span><\/li>\n<\/ul>\n<ul>\n \t<li aria-level=\"2\"><b>Frequency Interval for recalculation (<\/b><b><span style=\"color: #ff0000;\">*<\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Specifies the frequency for recalculating the outstanding Principal ( If you enter 1 and select monthly, then the outstanding amount will be calculated for every month)<\/span><\/li>\n \t<li><b><\/b><b>Is Arrears recognition based on original schedule (<\/b><b>*<\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Specifies<\/span> <span style=\"font-weight: 400;\">whether arrears are recognized using the Original Schedule or the Repayment Schedule.<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-65d8edf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"65d8edf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f1b2c36\" data-id=\"f1b2c36\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8eef043 elementor-widget elementor-widget-heading\" data-id=\"8eef043\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Guarantee Requirements<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-33dc4e9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"33dc4e9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-11c6855\" data-id=\"11c6855\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bbb6df3 elementor-widget elementor-widget-text-editor\" data-id=\"bbb6df3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul><li><b>Place Guarantee Funds On-Hold?\u00a0<\/b><ul><li aria-level=\"2\"><b>Mandatory Guarantee: (%) * &#8211;\u00a0<\/b><\/li><\/ul><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-level=\"2\"><b>Minimum Guarantee from Own Funds: (%) &#8211;\u00a0<\/b><\/li><\/ul><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-level=\"2\"><b>Minimum Guarantee from Guarantor Funds: (%) &#8211;<\/b><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-21549f1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"21549f1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-85addc3\" data-id=\"85addc3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ff4536b elementor-widget elementor-widget-heading\" data-id=\"ff4536b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Loan Tranche Details<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-eb51f72 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"eb51f72\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b2bb1b4\" data-id=\"b2bb1b4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ec4be2 elementor-widget elementor-widget-text-editor\" data-id=\"4ec4be2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul><li><b>Enable Multiple Disbursals\u00a0<\/b><ul><li aria-level=\"2\"><b>Enable Multiple Disbursals &#8211; <\/b><span style=\"font-weight: 400;\">If you check this box, it indicates that the loan is a multi-disbursement loan\u00a0<\/span><\/li><\/ul><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-level=\"2\"><b>Maximum Tranche count &#8211; <\/b><span style=\"font-weight: 400;\">Refers to the maximum number of disbursals allowed for the loan account<\/span><\/li><\/ul><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-level=\"2\"><b>Maximum allowed outstanding balance &#8211; <\/b><span style=\"font-weight: 400;\">Refers to the maximum number of outstanding balances allowed at a point\u00a0 time<\/span><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6ae2b12 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6ae2b12\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9470dd6\" data-id=\"9470dd6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8c0baae elementor-widget elementor-widget-heading\" data-id=\"8c0baae\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Configurable Terms and Settings<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c8e411a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c8e411a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1e5348b\" data-id=\"1e5348b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b7dab2c elementor-widget elementor-widget-text-editor\" data-id=\"b7dab2c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you uncheck, it won\u2019t allow you to edit the values in creating a client.<\/span><\/p><ul><li><b>Allow overriding select terms and settings in loan accounts<\/b><\/li><li><b>Amortization &#8211; <span style=\"font-weight: 400;\">Refers to the amount of principal and interest paid each month for your loan term<\/span><\/b><\/li><li><b>Interest method &#8211; <\/b><span style=\"font-weight: 400;\">Refers the Interest payment method you\u2019re going to choose for the repayment of the loan<\/span><ul><li><b>Flat &#8211;<\/b><span style=\"font-weight: 400;\"> Interest and Principal amount will be the same for all the repayments<\/span><\/li><li><b>Declining Balance &#8211; <\/b><span style=\"font-weight: 400;\">Specifies the interest rate will be calculated as per the outstanding amount, basically Interest will decrease as the outstanding amount decreases<\/span><\/li><\/ul><\/li><li><b>Repayment strategy &#8211; <\/b><span style=\"font-weight: 400;\">The repayment strategy determines the sequence in which each of the components is paid (i.e, Principal, Interest, Penalties, Fees Order)<\/span><\/li><li><b>Interest calculation period &#8211; <\/b><span style=\"font-weight: 400;\">Choose either Daily or Same as Repayment Period<\/span><ul><li><b>Daily &#8211; <\/b><span style=\"font-weight: 400;\">Interest will be calculated on a daily basis. (eg., February Month has 28 days. So it will calculate for 28 days)<\/span><\/li><li><b>Same as repayment period &#8211; <\/b><span style=\"font-weight: 400;\">Interest will calculate on the basis of the repayment period (eg., By default it will calculate for 30 days per month)<\/span><\/li><\/ul><\/li><li><b>Arrears tolerance &#8211; <\/b><span style=\"font-weight: 400;\">Specifies the maximum amount we can tolerate before moving it to Arrears<\/span><\/li><li><b>Repaid every &#8211; <\/b><span style=\"font-weight: 400;\">Specify the duration of the installment. (i.e, Weekly, Bi-Weekly, Monthly)<\/span><\/li><li><b>Moratorium &#8211;<\/b>A moratorium period is a period when the borrower is not required to make any loan payments<\/li><li><b>Number of days a loan may be overdue before moving into arrears &#8211; <\/b><span style=\"font-weight: 400;\">Specifies the maximum number of days we can tolerate before moving it to Arrears<\/span><\/li><\/ul><p>Once the mandatory details are updated click on <b><span style=\"color: #6ec1e4;\">Next<\/span><\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e8caa4a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e8caa4a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6971e65\" data-id=\"6971e65\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-65c67dc elementor-widget elementor-widget-heading\" data-id=\"65c67dc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Charges<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cadd0ec elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cadd0ec\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4029fe2\" data-id=\"4029fe2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-62e3a3d elementor-widget elementor-widget-text-editor\" data-id=\"62e3a3d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul><li aria-level=\"1\">It displays the list of charges that have already been added<\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Select the Charges you want to include for this Loan Product from the drop-down menu and click <b><span style=\"color: #6ec1e4;\">Add<\/span><\/b><\/span><\/li><li aria-level=\"1\">User can add the new charges from <span style=\"color: #6ec1e4;\"><strong>Admin<\/strong><\/span> -&gt;&gt; <span style=\"color: #6ec1e4;\"><strong>Products<\/strong><\/span> -&gt;&gt; <span style=\"color: #6ec1e4;\"><strong>Charges<\/strong><\/span> -&gt;&gt; <span style=\"color: #6ec1e4;\"><strong>+Create Charge<\/strong><\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f515f1a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f515f1a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d485628\" data-id=\"d485628\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6c9b1c9 elementor-widget elementor-widget-heading\" data-id=\"6c9b1c9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Overdue Charges<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-559527d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"559527d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8d092d6\" data-id=\"8d092d6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-185bbb8 elementor-widget elementor-widget-text-editor\" data-id=\"185bbb8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul><li aria-level=\"1\">It displays the list of overdue charges that have already been added<\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Select the Overdue Charges you want to include for this Loan Product from the drop-down menu and click <\/span><b><span style=\"color: #6ec1e4;\">Add<\/span><\/b><\/li><li style=\"font-weight: 400;\" aria-level=\"1\">The user can add the charges from <strong><span style=\"color: #6ec1e4;\">Admin <\/span>-&gt;&gt; <span style=\"color: #6ec1e4;\"><b>Products<\/b><\/span> -&gt;&gt; <span style=\"color: #6ec1e4;\"><b>Charges<\/b><\/span> -&gt;&gt; <span style=\"color: #6ec1e4;\"><b>+Create Charge<\/b><\/span><\/strong><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-23556d6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"23556d6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2058123\" data-id=\"2058123\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f42061e elementor-widget elementor-widget-heading\" data-id=\"f42061e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Accounting<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2f6d25f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2f6d25f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-738e835\" data-id=\"738e835\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-38537cc elementor-widget elementor-widget-text-editor\" data-id=\"38537cc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The accounts are grouped into the general ledger categories as listed below. The user can customize the field values as per their requirements in the <a href=\"https:\/\/wiki.habiletechnologies.com\/index.php\/docs\/cloudbankin-documentation\/bulk-import\/\" target=\"_blank\" rel=\"noopener\">chart of accounts<\/a> and map them to the corresponding fields.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cb06750 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cb06750\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-23d871a\" data-id=\"23d871a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3914a1a elementor-widget elementor-widget-heading\" data-id=\"3914a1a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Assets<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ab81c36 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ab81c36\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ed2234f\" data-id=\"ed2234f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3894607 elementor-widget elementor-widget-text-editor\" data-id=\"3894607\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Assets are items that the company owns. It includes loans,securities,reserves, etc.,<\/span><\/p><ul><li><b>Fund source &#8211; <\/b><span style=\"font-weight: 400;\">An asset account (usually a bank or cash account) that is debited during repayments\/payments and credited after disbursal<\/span><\/li><li><b>Loan portfolio &#8211; <\/b><span style=\"font-weight: 400;\">An asset account that is debited during disbursement and credited when the principal is repaid or written off<\/span><\/li><li><b>Interest Receivable &#8211; <\/b><span style=\"font-weight: 400;\">An Asset account that is used to collect interest<\/span><\/li><li><b>Fees Receivable &#8211; <\/b><span style=\"font-weight: 400;\">An Asset account that is used to collect Fees<\/span><\/li><li><b>Penalties Receivable &#8211; <\/b><span style=\"font-weight: 400;\">An Asset account that is used to collect Penalties<\/span><\/li><li><b><\/b><b>Transfer in suspense &#8211; <\/b><span style=\"font-weight: 400;\">An Asset account that is used as a suspense account for tracking portfolios of loans under transfer<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e6b571a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e6b571a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9ac2c68\" data-id=\"9ac2c68\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9cf2bbc elementor-widget elementor-widget-heading\" data-id=\"9cf2bbc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Income<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3f8e7e7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3f8e7e7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-45cd29c\" data-id=\"45cd29c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9fd011c elementor-widget elementor-widget-text-editor\" data-id=\"9fd011c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Income are the items that the company receives including Interest, Penalties, Fees, Repayments, etc.,<\/span><\/p><ul><li><b>Income from interest &#8211; <\/b><span style=\"font-weight: 400;\">An Income account that is credited during repayment<\/span><\/li><li><b>Income from fees &#8211; <\/b><span style=\"font-weight: 400;\">An Income account that is credited during fee payment<\/span><\/li><li><b>Income from penalties &#8211; <\/b><span style=\"font-weight: 400;\">An Income account that is credited during penalty payment<\/span><\/li><li><b>Income from Recovery Repayments &#8211; <\/b><span style=\"font-weight: 400;\">An Income account that is credited during recovery repayment<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f7e0da5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f7e0da5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a4ed3d9\" data-id=\"a4ed3d9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a3c4bfe elementor-widget elementor-widget-heading\" data-id=\"a3c4bfe\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Expenses<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-485e549 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"485e549\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9dab98e\" data-id=\"9dab98e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-61732d6 elementor-widget elementor-widget-text-editor\" data-id=\"61732d6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Expenses are the items that the company spends. It includes salaries and wages, rent, electricity bills, telephone charges etc.,<\/span><\/p><ul><li aria-level=\"1\"><b>Losses written off &#8211; <\/b><span style=\"font-weight: 400;\">An Expense account that is debited on principal write-off. Also debited in the events of interest, fee and penalty written-off in case of accrual based accounting<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3d195f8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3d195f8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0a975ca\" data-id=\"0a975ca\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f54c1d8 elementor-widget elementor-widget-heading\" data-id=\"f54c1d8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Liabilities<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c430067 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c430067\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b3ce610\" data-id=\"b3ce610\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-615fa22 elementor-widget elementor-widget-text-editor\" data-id=\"615fa22\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Liabilities are items that the company owes to someone else, including deposits and bank borrowing from other institutions.<\/span><\/p><ul><li><b>Liability &#8211; <\/b><span style=\"font-weight: 400;\">A liability account that is credited on overpayments and credited<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a2a11ce elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a2a11ce\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d655322\" data-id=\"d655322\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5599884 elementor-widget elementor-widget-heading\" data-id=\"5599884\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Advanced accounting rules\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-63a35dc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"63a35dc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1693be4\" data-id=\"1693be4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d9f63f5 elementor-widget elementor-widget-text-editor\" data-id=\"d9f63f5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The Advanced accounting displays the values that have already been added in Payment Type &amp; Charges. It allows the user to map Payment Types, Fees, and Penalties to the corresponding accounts.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bf60d0e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bf60d0e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bcf821b\" data-id=\"bcf821b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3bfe927 elementor-widget elementor-widget-heading\" data-id=\"3bfe927\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Configure Fund Sources for Payment Channels<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-614e2fc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"614e2fc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f1a6175\" data-id=\"f1a6175\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c6e1dea elementor-widget elementor-widget-text-editor\" data-id=\"c6e1dea\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Each Payment Channel can have its own Fund Source and you can map it here,<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Payment Type<\/strong> &#8211; Select a Payment Type from the <\/span><b>Payment Type<\/b><span style=\"font-weight: 400;\"> list (e.g.,Cash, NEFT, etc).<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Fund Source<\/strong> &#8211; Each payment type can have a different fund source, you can select the fund source from the drop down<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0e199a7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0e199a7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2a669dc\" data-id=\"2a669dc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d45f93e elementor-widget elementor-widget-heading\" data-id=\"d45f93e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Map Fees to Income Accounts<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5f5dfb4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5f5dfb4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3a51136\" data-id=\"3a51136\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-19d866f elementor-widget elementor-widget-text-editor\" data-id=\"19d866f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><b>\u00a0<\/b><span style=\"font-weight: 400;\">A different Income Account for each Fee type can be specified.<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Fees<\/strong> <strong>&#8211;<\/strong> Select a Fees from the fees list (e.g.,Processing Fee, Service Fee, etc).<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Income Account &#8211;<\/strong> Each Fees type can have a different income account, you can select the account from the drop down.<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5a783cf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5a783cf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8a652b9\" data-id=\"8a652b9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3c7881d elementor-widget elementor-widget-heading\" data-id=\"3c7881d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Map Penalties to Specific Income Accounts<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3fca5d1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3fca5d1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-85a5030\" data-id=\"85a5030\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0772137 elementor-widget elementor-widget-text-editor\" data-id=\"0772137\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">A different Income Account for each Penalty type can be specified.<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Penalty &#8211; <\/b><span style=\"font-weight: 400;\">Select a Penalty from the penalty list (e.g, Check Bounce Charges)<\/span><\/li><li><b>Income Account &#8211; <\/b><span style=\"font-weight: 400;\">Each Penalty type can have a different income account, you can select the account from the drop down.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Once mapped the above fields click on the <\/span><b><span style=\"color: #6ec1e4;\">Submit<\/span><\/b>\u00a0button to create the loan product with Accrual (periodic) Accounting.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"featured_media":0,"parent":5681,"menu_order":4,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-5682","docs","type-docs","status-publish","hentry","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Loan products - Apply loans | Wiki | Habile<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Now the Loan Products form will open, Click on Create Loan Products tab. Once you clicked on the Create Loan Product it will [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/loans\/apply-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Wiki\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-22T09:46:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wiki.habiletechnologies.com\/wp-content\/uploads\/2021\/07\/Product-Creation-1.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"13 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wiki.cloudbankin.com\/#website\",\"url\":\"https:\/\/wiki.cloudbankin.com\/\",\"name\":\"wiki\",\"description\":\"Cloudbankin wikipedia\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wiki.cloudbankin.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/loans\/apply-loan\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Product-Creation-1.png\",\"contentUrl\":\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Product-Creation-1.png\",\"width\":1366,\"height\":545,\"caption\":\"Product Creation\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/loans\/apply-loan\/#webpage\",\"url\":\"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/loans\/apply-loan\/\",\"name\":\"Loan products - Apply loans | Wiki | Habile\",\"isPartOf\":{\"@id\":\"https:\/\/wiki.cloudbankin.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/loans\/apply-loan\/#primaryimage\"},\"datePublished\":\"2021-07-14T09:58:00+00:00\",\"dateModified\":\"2022-09-22T09:46:42+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/loans\/apply-loan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/loans\/apply-loan\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/loans\/apply-loan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wiki.cloudbankin.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CloudBankin Documentation\",\"item\":\"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Loans\",\"item\":\"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/loans\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Product Creation\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Loan products - Apply loans | Wiki | Habile","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/loans\/apply-loan\/","og_locale":"en_US","og_type":"article","og_title":"Loan products - Apply loans | Wiki | Habile","og_description":"It defines the product you\u2019re going to offer for your customers such as Personal Loan, Business Loan, Vehicle Loan, etc., Go to Admin and select the Products and click on Loan Products. 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